Cathay completes acquisition of Amethyst Group Ltd from Itochu Corporation

Cathay completes acquisition of Amethyst Group Ltd from Itochu Corporation

Cathay Investments 2 Limited, today announces it has completed the acquisition of Amethyst Group Limited from Itochu Corporation (19 March 2015).

Amethyst Group is a recognised leader in the provision of third party warehousing and distribution services across the United Kingdom. With over 30 years supply chain expertise Amethyst Group offers leading-edge specialist services to its chosen market sectors of Fashion & Beauty, Toy & Baby, Pharmaceutical, Homeware and Automotive & Machinery markets. Amethyst Group operates up to 650,000 square feet of shared-user warehousing with circa 450 full time employees in seven distribution centres over four locations. Annual turnover is in the region of £30 million.

Cathay Investments 2 is the UK holding company for a group of companies engaged in distribution activities. Cathay’s principal trading business is Perkins Group Services Limited, which distributes toys and stationery throughout the United Kingdom.

Amethyst partners with Smash Global

Amethyst Group Limited ("Amethyst") is delighted to announce a new partnership with Smash Global ("Smash") to provide its UK warehousing and distribution services. Amethyst is a 3PL provider and offers…